Flutterwave, Africa’s leading payments technology company, has joined the International Air Transport Association’s (IATA) payment orchestration platform to facilitate travel to sub-Saharan Africa.
Why This Matters
With Flutterwave’s integration, airlines across the world are able to process payments from customers through cards, bank transfers, mobile money, alternative payment methods, and other payment modes available on Flutterwave.
IATA Financial Gateway (IFG) is an omnichannel payment orchestration and management platform fully dedicated to the airline industry and has been designed to allow airlines to receive local payments from local markets through all their distribution channels.
Digging Deeper
IATA has some 290 international airlines; this partnership enables them to easily expand their operations in Africa while receiving bookings and payments from customers in Africa using local and international payment methods.
Airlines and travel agencies can use Flutterwave via IFG to accept many forms of payment from customers when booking airline tickets.
What They’re Saying
“According to the International Air Transport Association (IATA), Africa is set to become one of the fastest-growing aviation regions in the next 20 years with an annual expansion of nearly 5%” – Olugbenga “GB” Agboola, Flutterwave CEO & Founder.
How can we further accelerate this growth? One way is to ensure airlines can easily set up operations across the continent and seamlessly receive payments from their customers.
This partnership with IATA solves the problem of payments for global airlines venturing into Africa. We hope that this encourages more global airlines to expand into Africa.”
Muhammad Albakri, IATA’s Senior VP, Financial Settlement and Distribution Services, said, “The IATA Financial Gateway supports the availability of new payment options in many markets.
We welcome Flutterwave’s participation to bring secure and innovative payment methods to airlines, travel resellers and the travelling public in Africa.”
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